A Johnston home builder and land developer will manage the completion of single-family homes at the failed Michael’s Landing planned community in West Des Moines, a judge ruled Tuesday.

Dallenbach Larson Development LLC was appointed receiver under an agreement reached by First National Bank Midwest and Michael’s Landing LLC, a Regency company that planned a 340-acre residential and commercial development near 88th Street and Mills Civic Parkway.

The project, along with all other Regency residential developments, was idled when Regency Homes ceased operating April 25 and laid off more than 100 employees.

Michael’s Landing is the target of two lawsuits seeking $12.6 million in delinquent debt and foreclosure on developed and undeveloped land.

First National Bank Midwest filed a lawsuit June 11 seeking $6.4 million in principal, interest and fees on a $7.65 million loan. In addition, the bank seeks foreclosure on 135 lots in various stages of construction, including some with homes that have been built but left vacant.

Dallenbach Larson’s chief responsibility is to maintain the value of the property while the bank and Regency officials work through the foreclosure process.

Michael’s Landing also was named in a lawsuit filed June 19 that sought $6.2 million in principal, interest and fees on a $6.1 million loan from Vantus Bank, which operated as First Federal Bank when it issued the loan in April 2007.

The lawsuit seeks foreclosure of nearly 19 acres of largely undeveloped land along Mills Civic Parkway.

Receivers also have been named for a Regency project in Urbandale and other projects scattered throughout the state.

In all, six banks have filed lawsuits seeking more than $36 million from Regency companies and executives and foreclosures on property.

Current and former Regency executives were named last week in a separate lawsuit that resulted from a loan to buy recycling equipment at what is now known as Environmental Reclamation and Recycling Services, 1422 Scott Ave.

Northwest Bank seeks nearly $1.1 million in principal, interest and fees on a $1.6 million loan it issued in 2004 and secured with property used to recycle construction and demolition debris. At the time, the business operated as Taylor Recycling Center.

The loan was issued to a former business partner of Regency executives James and Robert Myers and Richard Moffitt and former financial officer John Gamble, all of whom guaranteed the loan.

Northwest also filed a separate lawsuit earlier this month in an attempt to seize the property that was used as collateral on the loan.

Environmental Reclamation and Recycling Services has not operated since May 1. A hearing is scheduled for August over efforts by the Iowa Department of Natural Resources to revoke two of the company’s permits.